Tuesday, May 12, 2020

Lockdown Madness: Price of King Arthur Flour Has Quintupled

The New York Times reports:
Five-pound bags of King Arthur Flour have been so hard to score that they were selling this week on eBay for $26.49, five times the store price.
Oh yeah, we are in a period of deflation.

Phillips curve believers who were expecting a price collapse because of high unemployment really need to retire along with Anthony Fauci and take a long cruise to Kahoolawe.


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